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To: Yongzhi Yang who wrote (121)	10/28/1998 11:07:00 AM
From: Capitalism	Respond to of 1541

Global Telephone Communications Announces GPS Negotiations in China SAN DIEGO, Oct. 28 /PRNewswire/ -- Terry Wong, President of Global Telephone Communications, Inc. (OTC Bulletin Board: GTCI - news) announced today that the Company has entered into negotiations to join a Chinese consortium whose mandate will be to implement Global Positioning Satellite (GPS) technology in China. The Joint Venture is expected to have an exclusive agreement with the Government to construct GPS and Trucking Mobile Communication Integrated Systems in Beijing City, then with nationwide coverage over time. Negotiations are expected to come to a successful conclusion before the end of the year. In a statement, Mr. Wong reflected on Global Telephone's strategic relationship with the Chinese Government through its wholly owned subsidiary Regent Luck Holdings. ''The trust and relationships earned by Global Telephone from the Chinese Government has enabled us to explore other high technology ventures in China,'' Mr. Wong stated. Global Telephone Communication Inc., is working with China Telecom to bring wide access of the Internet to the People's Republic of China. Through its wholly owned subsidiary Regent Luck Holdings, Global Telephone operates under an exclusive agency/licensing agreement with China Telecom's wholly owned subsidiary, Newsnet, to provide basic and advanced Internet services. Also within the agreement is Global Telephone's ability to provide Internet Telephony systems and products. According to statistics recently released by the China National Network Information Center, registered Internet users reached 1.175 million by the end of June, 1998, doubling the number of users over the previous six month period.